SBI Credit Cards has posted a loss worth Rs.186.61 crores for the quarter ending Dec 2007. Its non performing assets (NPA) amounted to a record breaking 16.28% the highest in the industry.
SBI and its partner GE Money had entered into a joint venture for the credit card business and issued over 3.5 million credit cards so […]
Entries Tagged as 'credit card defaulters'
SBI Credit Cards Posts Rs.186.61 cr loss
April 10th, 2008 · 4 Comments
Tags: India Credit Cards · News · SBI · credit card defaulters
Should banks use recovery agents? How do you deal with credit card defaulters?
February 1st, 2008 · 3 Comments
A question that has been doing the rounds for some time now. Are banks justified in using recovery agents to collect money from defaulters? The banks obviously would love to say yes but are they justified when these recovery agents use a heavy handed approach to recover the debt?
There have been incidents in the recent past […]
